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February 19, 2003

Company: Kirin Brewery Co., Ltd.
Stock Exchange Code No. 2503
(First Section of the Tokyo Stock Exchange)
Representative: Koichiro Aramaki, President
Contact: Sumio Nagata, Public Relations
Tel: 03-5540-3450

 

Notice of Treasury Stock Purchase
(Acquisition of Treasury Stock pursuant to Article 210 of the
Commercial Code of Japan)


Kirin Brewery Co., Ltd. (Koichiro Aramaki, President) announces that, at a meeting of its Board of Directors on February 19, 2003 and in accordance with Article 210 of the Commercial Code, it was decided that a proposal for purchase of treasury stock will be made at the 164th general meeting of shareholders to be held on March 28, 2003.

1. Reasons
Kirin will purchase its treasury stock in order to allow for greater flexibility in the execution of its financial strategies and management initiatives in response to changes in the economic outlook.


2. Purchase Details
  (1) Type of shares: Kirin Brewery common stock
  (2) Number of shares: 20 million shares (upper limit)
      (Proportion of outstanding shares: 2%)
  (3) Total value of shares: ¥20 billion (upper limit)


Note: The purchase of treasury stock is contingent upon approval at the 164th general meeting of shareholders to be held March 28, 2003.


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